Downgrades loom large as growth slows
By Zheng Yangpeng | China Daily | Updated: 2015-06-13 07:49
Number of companies on default list swells as $12b of debt accrues for payment this year
A wave of credit downgrades is expected to hit corporate bond issuers as a slowing economy weighs on their finances.
The looming downgrades reflect the lagged impact of a broad deterioration of corporate financial conditions over the past year, analysts said.
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